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5. Pearl has an opportunity to save through her company's 401K retirement plan. Her company has a matching program whereby the company will contribute 50%
5. Pearl has an opportunity to save through her company's 401K retirement plan. Her company has a matching program whereby the company will contribute 50% of what the employee contributes or $200 per month whichever is the higher amount. The APR is 4.75%. Develop a strategy for Pearl by determining how much she should contribute monthly to the 401K so she will have at least $250,000 but not more than $300,000 after 25 years of monthly saving
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